Listed by Chris Keramati, Triqor Group,

4419 Pennsylvania Avenue

Glendale, CA, 91214

$4,680,000

$434 per ft²
$4,680,000
$434 per ft²
Active
Active
 - For Sale
carpenters-square
10,774 ft²
property_type
Multi-family
calendar
Built 1962
We are pleased to present the Penn Plaza Apartments, a 13-unit apartment building in North Glendale. The property is comprised of thirteen two-bedroom units equipped with wall A/C units, gas wall heaters, ceiling fans, and carport parking. Most units have been upgraded with granite countertops and laminate wood flooring. Additionally, the property features a combination of tuck-under and carport parking. This is a well-kept building in a unique location of Glendale. With nearly 50% upside in rental income, this deal offers the opportunity for an investor to achieve nearly a 6% Cap Rate on market rents.
MLS® ID:
PW22159796
Listed:
7/19/22
Updated:
8/8/22
Coldwell Banker Hallmark Realty
Edwin Ordubegian

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
0.34 acres lot
Lot Details
Rectangular Lot
Sewer
Public Sewer

Other Property Details

Area Name
635 - La Crescenta/Glendale Montrose & Annex
HOA Amenities
Sidewalks
Garage
No
Parking
N
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
GLR3YY

 

Listed by Chris Keramati, Triqor Group,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/8/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 9:55 AM UTC, 8/8/22

Coldwell Banker Hallmark Realty
Edwin Ordubegian
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